SCHW Director Stephen A. Ellis Receives RSU Award

What Happened

• Stephen A. Ellis, a director of Charles Schwab Corporation (SCHW), received equity awards on May 26, 2026. The filing shows a grant/acquisition of 1,602 shares at $0.00 and a grant of 3,977 derivative shares at $0.00 (reported as derivative securities). The transactions are awards (not open-market purchases or sales) and carry no immediate cash cost.

Key Details

• Transaction date: 2026-05-26. Form 4 filed: 2026-05-27 (timely; within required reporting window).
• Award details: 1,602 shares @ $0.00 (acquired); 3,977 derivative shares @ $0.00 (derivative award).
• Vesting / plan: Per footnote F1, these are restricted stock units (RSUs) granted under the company’s 2022 Stock Incentive Plan and vest 25% on the 1st anniversary, 25% on the 2nd, and 50% on the 3rd anniversary of the grant date.
• Shares owned after the transaction: Not specified in the provided excerpt of the filing.
• Other footnotes: F2 notes reported holdings may include dividend reinvestment. F3 describes vesting terms for option grants under the same plan (not directly tied to these RSU awards).

Context

• These awards are compensation/retention grants that convert into common shares only as they vest; they do not represent an immediate purchase or sale of stock. Such grants are common for directors and are not, by themselves, a signal of near-term buying or selling.